After years of rapid growth, many countries in Asia have advanced to middle-income status. The transition from middle income to high income, however, can be a slow process. Here are 12 things to know about overcoming the so-called middle-income trap in the region.

Industrialization must be an essential part of the growth formula if Asian countries want to prosper. Middle-income economies should focus on upgrading and diversifying their industrial base.Source: ADB report Key Indicators for Asia and the Pacific 2013

The rapid expansion of secondary and tertiary education helps to explain the successful transition of the Republic of Korea from middle- to high-income status.Source: Op-Ed Avoiding the Middle-Income Trap

Economic slowdowns are less likely in countries where high-technology products account for a large share of exports.Source: Op-Ed Avoiding the Middle-Income Trap

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